13 May 2010

Windflow Technology predicts larger loss

10:59 am on 13 May 2010

Wind turbine manufacturer Windflow Technology Ltd has downgraded its earnings forecast.

The company says production levels are behind expectations because of a a long-running dispute, recently settled, with its customer NZ Windfarms over the Te Rere Hau wind farm.

Windflow Technology says the final 16 turbines will now be finished next financial year.

The company anticipates its full year loss to worsen to between $5 million and $6 million.